Competitor Analysis of Cors Company

CARA OPERATIONS LIMITED PRESS RELEASE BUILDING VALUE AT CARA; plump for QUARTER EARNINGS INCREASE BY 43% TSE type: CAO CAO.A Toronto, Ontario: October 25, 2000 Cara Operations Limited [Cara], Canadas leading integrated foodservices company, is successful to announce its operating results for the twelve week period cease September 17, 2000, which constitutes Caras second fiscal quarter, (the spot take out or the Quarter). The strong results achieved by Cara in the Second Quarter are a reflection of continuing egression and improved operating performances from both Caras Restaurant and Foodservices atoms, commented Gabe Tsampalieros, Caras President and Chief Executive Officer. In the Quarter, system gross revenue and pull in revenues both increase by 12% to $388 billion and $271 one thousand million respectively. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 33% to $32 million. Excluding unusual items, sugar bread increased by 43% to $11.4 million and earnings per office (EPS) increased by 44% to 12.3 cents per share, the fifth consecutive quarterly year-over-year growth in earnings and the largest single quarterly earnings in Caras 32 year history as a public corporation.

For the year to date, system sales and gross revenues increased by over 19% to $767 million and $543 million respectively. EBITDA increased by 34% to $59 million and net earnings and EPS (before unusual items) increased by 36% and 38% respectively to $19.7 million and 21.2 cents respectively. Page 2 wholly of Caras core businesses posted year-over-year growth. Caras Restaurant Segment posted system sales growth of almost 14%. The growth was driven in part by bracing unit growth at Kelseys and Montanas, equal restaurant sales growth of in excess of 4% at both Swiss Chalet and Harveys and strong sales increases at Air Terminal Restaurants. The Foodservices Segment also had an resplendent Quarter, reporting sales growth of over 9% as well as improvement in margins... If you want to disembowel a full essay, order it on our website: Orderessay

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